Casting Crew Inc. provided the following information for the year 2015.

Retained earnings, January 1, 2015 600,000

Administrative expenses 240,000

Selling expenses 300,000

Sales revenue 1,900,000

Cash dividends declared 80,000

Cost of goods sold 850,000

Gain on sale of investments 62,700

Loss on discontinued operations 75,000

Rent revenue 40,000

Unrealized holding gain on non-trading equity securities 17,000

Income tax applicable to continuing operations 187,000

Income tax benefit applicable to loss on discontinued operations 25,500

Income tax applicable to unrealized holding gain on non-trading equity securities 2,000

Weighted-average shares outstanding 100,000

Instructions

Prepare (a) an income statement for 2015,

(b) a retained earnings statement for 2015, and

(c) a statement of comprehensive income using the two statement format.